I am currently reading Amie Streater’s book Your Money God’s Way: Overcoming the 7 Money Myths that Keep Christians Broke and she shared some interesting money myth we believe that makes us broke. Amie writes straight to the point, hitting our hearts.
Here is the first money myth: ” I can’t really afford this, but I’ll just put it on my credit card. When the bill comes, God will provide.
Sounds familiar. I have heard well meaning people use this excuse to buy what they want when they don’t have the money for it.
Proverbs 21:17 (ESV)
17 Whoever loves pleasure will be a poor man; he who loves wine and oil will not be rich.
In the name of faith and in the name of Jesus, we excuse our dumb financial decisions to mask the reality of us being not wise with the money given to us. I always shared in my talk, it takes more faith to save than to spend. I am finding that more real every day as I see people lose sleep because they want to buy something rather than lose sleep because they are not saving money.
So when there is an impulse to buy something, instead of saying God will provide next month – wait for next month for God to provide literally before purchasing something. Again it takes more faith to save, delay our gratification than do impulse buying.
So here is a practical tip:
Set aside a monthly budget for your personal expense. If that means 10% let it remain 10%. If tempted to go beyond it – wait for the next month to buy it.